PCBL likely to commission Gujarat facility by Q3 FY21.

Phillips Carbon Black Ltd. (PCBL) is likely to commission its 32,000-tonne facility at Palej in Gujarat by Q3 FY21, while its greenfield project in South India will be “fast-tracked at an appropriate time”, it said in a notice to the bourses.

The company, part of the RP-Sanjiv Goenka Group and the largest carbon black producer in the country, reported a near 3 per cent drop in net profit to about ₹72 crore for Q4 FY20, against ₹74 crore in the previous-year period.

Revenue from operations rose 24 per cent to ₹700 crore (₹921 crore).

HBL